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FEDERATED MORTGAGE CORP.
Independent Mortgage Company|PITTSBURGH, PA|Multi-Region
Loans Originated
388
Applications
388
Volume
$143 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.145%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$717
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
100.0%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Competitive pricing compared to the market
- Lower than average lender fees
- Strong pull through performance
Report Card
FEDERATED MORTGAGE CORP. performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
FHA | Sound | Industry Standard | |
VA | Acceptable | Near industry average | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Multi-Regional · 5 metro areas · 12 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$370,335
Average Borrower Income
$170,242
Average Property Value
$478,995
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Sound | Exceptional | Strong | 347 | 89.4% | +0.120% | $601 |
FHA Loans | Strong | Sound | Sound | Exceptional | 27 | 7.0% | +0.691% | $2,301 |
VA Loans | Acceptable | Acceptable | N/A | N/A | 11 | 2.8% | -0.313% | $1,571 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Sound | Strong | Strong | 291 | 75.0% | +0.172% | $1,384 |
Refinance | Strong | Sound | Exceptional | Exceptional | 97 | 25.0% | +0.070% | -$1,123 |
Geographic Coverage
Metro Areas
5
States Served
12
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
CAFLGAMDNCNJOHPASCTNTXVA
Top Metro Areas by Place Specialization Score
1
Pittsburgh, PA, PAMSA
Volume: 201Mix: 51.80%
Place Specialization
Exceptional
2
Frederick, MDMSA
Volume: 34Mix: 8.76%
Place Specialization
Strong
3
Baltimore, MDMSA
Volume: 38Mix: 9.79%
Place Specialization
Sound
4
Arlington, VA-WVMSA
Volume: 22Mix: 5.67%
Place Specialization
Sound
5
Montgomery County, PAMSA
Volume: 11Mix: 2.84%
Place Specialization
Sound
Top States by Place Specialization Score
1
PAState
Volume: 220Mix: 56.70%
Place Specialization
Strong
2
MDState
Volume: 77Mix: 19.85%
Place Specialization
Strong
3
VAState
Volume: 24Mix: 6.19%
Place Specialization
Sound
4
NJState
Volume: 12Mix: 3.09%
Place Specialization
Sound
5
NCState
Volume: 12Mix: 3.09%
Place Specialization
Acceptable
6
TXState
Volume: 15Mix: 3.87%
Place Specialization
Acceptable
7
CAState
Volume: 11Mix: 2.84%
Place Specialization
Acceptable
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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